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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Commercial land
373 Lunenburg St, Fitchburg, MA 01420-4540
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1931026
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1930
Construction
WOOD FRAME
Total area
1,612 SF
Lot
0.38 ac (16,501 SF)
Zoning code
C
APN
FITC M:0036 B:0005 L:0
UPID
US38-1931026
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
HairXotica Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
J A&l F Scarsella T · 3 yrs held
J A&l F Scarsella T
since 2022
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
C · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fitchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fitchburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$650,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $675k (Sep 1 2022)
Last sale anchor
$675k
Sep 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$409 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,368
Tax year 2024
Assessed value
$159,900
Assessed 2024
Previous assessed
$157,600
+1.5% YoY
Effective rate
1.48%
On assessed value
Assessed land
$150,600
Assessed improvement
$9,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1930
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Rooms
5
Bathrooms
3
Total area
1,612 SF
Lot
0.38 ac (16,501 SF)
Zoning code
C
APN
FITC M:0036 B:0005 L:0
UPID
US38-1931026
Jurisdiction
FITCHBURG
Zoning & alternative use
C · Fitchburg, MA
Zoning C · permitted uses
C · Fitchburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fitchburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Rooms
5
Bathrooms
3
Lot
0.38 ac
Current owner
From public records · entity-resolved
J A&l F Scarsella T
Individual
Mailing address
138 STADIUM AVE, MILL VALLEY, CA 94941-3593
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
$675,000
J A&l F Scarsella T
Caregiver Patient Conne
Quit Claim Arm's Length For Ne States
—
Jan 27, 2022
—
Caregiver Patient
—
Deed
related
$2,200,000 · Creative Development Assoc LP
Mar 5, 2019
$195,000
Caregiver-patient Connctn
Castell,thomas E
Quit Claim Deed
—
Mar 30, 2015
$165,000
Thomas E Castell
John I Shammas
Quit Claim Arm's Length For Ne States
$132,000 · Avidia Bank
Nov 25, 2011
—
John Shammas
—
Deed Of Trust
related
$67,000 · George Aroush
May 18, 2006
$152,500
John I Shammas
Fac RT
Grant Deed
—
Nov 30, 1990
$150,000
Carol A Stacy
Fitzgerald,francis J
Grant Deed
$135,000 · Zenon Grzybowski
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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